Banking & finance

Durlacher, Nicholas (14 of 18) National Life Stories: City Lives

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  • Subjects

    Jobbing; Futures exchange

  • Recording date

    1995-03-01, 1995-04-01, 1995-23-11

  • Is part of (Collection)

    City Lives

  • Recording locations

    interviewee's office, London

  • Interviewees

    Durlacher, Nicholas, 1946-, (speaker, male)

  • Interviewers

    Courtney, Cathy, 1954- (speaker, female)

  • Abstract

    Part 14 (tape 7 side B): About his lifestyle during '70s and '80s - leisure activities, skiing, shooting, motor-racing - about his close friends. Reasons why he went to LIFFE in 1982 - feelings about leaving Stock Exchange - learning about Futures in USA - flying to Chicago, reporting back to London - compares the two trading floors - open outcry in pit (LIFFE) - quieter and more gentlemanly in London. Describes preparations for opening of LIFFE due in six months - learning fundamentals of Futures - terminology - margin system etc - choosing his team - box allocated to them on floor in Royal Exchange - excitement of building new business - gives all details. Describes opening of LIFFE - party at Guildhall previous evening - Governor of Bank of England (Gordon Richardson) rang a bell and dealing started - rules governing the new market - advantages of being a small base - about growth of market after 1985. ND joins Board 1984. John Barkshire Chairman of LIFFE Board - Jack Wigglesworth and Brian Williamson. Contribution of only woman senior staff member of LIFFE at that time - securing German business for London - about David Burton, chair of Membership & Rules Committee - ND's views on the various chairmanships.

  • Description

    Interview with Nicholas Durlacher CBE, member of the Stock Exchange (1970–86), Partner at Wedd Durlacher (1972-86) and Chairman of Elexon Ltd (2000–10).

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